If you are looking for strong appreciation, it may be OK, but that's pretty speculative.

Shawn Sorter I have not found an agent nor a PM I am just speculating at this point.

It is being offered at a good rate and it seems like they are moving into the direction of converting it into a warrantable condo-association but that is only my speculation.

Or in this region on higher end turnkey properties that offer a lower cap-rate and are purchased based on speculation. 

At least in many parts of the US.Not so much were we live as people are just clamoring to get into anything they can get into and not many SFR are rentals like other areas of the countryI like the 100 to 200 a door theories if your going to scale a rental business... but I Like far more Equity that is real... although not a popular thought process on BP.As you get the replys  you cant eat equity.... appreciation is just speculation etc etc.. well I have made millions on that speculation  LOL over the years.. that's were the big money is made .. again unless you can scale the low dollar cash flow rental game.

It's all about speculation that prices will appreciate and rents rise to a level when you can be cash flow positive.

In a hot market, investors are looking for guaranteed deals, not speculative projects.If you are buying and renting, you'll want to ensure your market rent is no less than 1% of your purchase price + repair costs. 

(obviously some speculation here). 

Speculation is betting on big drastic turnarounds, this is just a bet that the current trends continue, which they usually do.I don't know LA like I know the Bay Area, is there anything here shaded dark (indicating unusually high income growth) that "everyone knows" is a "rough area"? 

I like "real estate speculator" with a side of educated hypothesis.